United Natural Foods (UNFI) has agreed to acquire Trudeau Foods from Trudeau Holdings, a portfolio company of Arbor Investments II, for an undisclosed amount.
Minnesota-based Trudeau Foods is a distributor of natural, organic and specialty food products, including gourmet meats, frozen foods, dairy, bakery, deli, seafood and dry grocery items under a range of national, regional and private label brands.
It serves over 600 customer locations, including chain and independent grocers, wholesalers and meat markets in Minnesota, North Dakota, Wisconsin and Michigan's Upper Peninsula.
Subject to customary closing conditions, the transaction is expected to be completed by 30 September.
Following the deal, Trudeau Foods will operate as a wholly-owned subsidiary of UNFI.
UNFI president and CEO Steve Spinner said, "This acquisition is the latest step in our strategy to grow our market share and deliver a complete basket of specialty, natural and organic products to our customers."
"Both companies have a tremendous history of commitment to servicing their customers, and we are enthusiastic about the growth prospects for this market," Spinner added.
